Latest Update on Global Shipments

Brief Update: Latest Update on Global Shipments

Tuesday, March 31, 2020
10:27 AM

https://www.reuters.com/article/us-health-coronavirus-airlines-factbox/factbox-airlines-ground-flights-count-mounting-costs-of-the-coronavirus-shock-idUSKBN21I1JD

Global airlines have grounded their fleet and more are following suit. How does this translate to precious metals markets? And probably other markets as well?

As most of us are acutely aware, there is no actual shortage of Silver in the market. It is simply a case of demand exceeds supply drastically, and with more airlines grounding their fleet, this situation does not seem to be easing anytime soon.

Physical Premiums for immediate physical delivery of precious metals has continued to increase for the past week. Most significantly, we have seen premium costs for Silver increase exponentially. Costs per oz for bars and coins have increased by more than 200.00% thus far.

That being said, GoldSilver Central Pte Ltd maintains healthy supply lines and has recently brought in Silver Precious Metals to our retail shop. More will be brought over to the retail shop in batches and clients need not worry about not being able to purchase physical precious metals if they so choose to.

Food For Thought: Covid-19 has been described as “the black swan of 2020”. And we all know that in tough times lie opportunities. The true question is, how can investors position themselves with the available tools to grasp these opportunities.